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Headline: Towards a global clearing system Source: Euromoney Date: February 2001 Author: Jonathan Brown Calls from securities traders and investors for a more closely integrated system of clearing and settlement in the international securities market are growing louder and more impatient by the day. There were some signs of progress last year in Europe when Euroclear and Sicovam announced their definitive merger agreement and London Clearing House (LCH) and Clearnet said they planned to consolidate their activities. Yet progress in European consolidation has been slow. |
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